York Timber warns of 'unaffordable' log prices as profits fall almost a third | Business

📆 30/03/2023 22:30:00
📰 News24

⏱ Reading Time:
10 sec. here
2 min. at publisher
📊 Quality Score:
News: 7%
Publisher: 80%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Forest owner and wood processer York Timber said on Thursday profits fell almost a third in its half-year to end-December, hit by some higher costs, including from load shedding and from its externally sourced logs. | News24_Business

In December, the company had concluded a R250 million rights issue, and its net debt fell by R96 million to R395 million.

"Log price increases from , in a trading environment where lumber industry prices continue to decline, places its customers' sustainability at risk," it said.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

Écrire un Commentaire

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

ESKOM LIVE | Stage 4 load shedding returns on Thursday | BusinessAll the latest news and analysis on load shedding, power and the national grid. 🤣🤣🤣🙄 Mxm eskom Ag shame
La source: News24 - 🏆 4. / 80 Lire la suite »